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Masters in Business

Brad Stone on Big Tech Companies (Podcast)

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 11 June 2021

⏱️ 76 minutes

🧾️ Download transcript

Summary

Bloomberg Opinion columnist Barry Ritholtz speaks with Brad Stone, author of the just-published “Amazon Unbound: Jeff Bezos and the Invention of a Global Empire” and senior executive editor for technology at Bloomberg News. Stone is also the author of the New York Times bestseller “The Everything Store: Jeff Bezos and the Age of Amazon,” and “The Upstarts: Uber, Airbnb, and the Battle for the New Silicon Valley.”

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Transcript

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0:00.0

This is Masters in Business with Barry Redholz on Bloomberg Radio.

0:09.4

This week on the podcast I have a special guest Brad Stone is the editor at Bloomberg

0:15.0

News who covers technology and the author of a number of books.

0:19.8

The one that just came out Amazon Unbound Jeff Bezos and the invention of a global

0:24.3

empire really quite fascinating. I had previously read his first book on Amazon the Everything

0:32.0

Store and when that had come out I think it was 2013. Amazon was still a successful

0:40.4

company but not the dominant juggernaut it's become. This book really is the sequel to

0:49.8

that talks about how from the low point in 2014 when Amazon actually had a pretty substantial

0:59.5

negative year in the stock market down over 20% all of these new drivers of revenue and

1:06.6

growth were just teeing up and what ends up happening is the company just starts to

1:15.4

hit on all cylinders and that's before the pandemic and then the pandemic essentially

1:21.5

doubled so many different sectors within Amazon. They were a company that was made for

1:27.8

a work from home lockdown situation perfectly positioned and took full advantage of it.

1:34.9

Over the course of those years Amazon became the second largest employer in the country

1:40.3

behind Walmart. Bezos became the wealthiest man in the world and Amazon just dominates

1:47.1

so many areas of our everyday lives from supermarkets and delivery of just about everything

1:54.4

to Amazon web servers to you just go through everything they do Amazon Prime and Amazon

2:01.4

video and it's just endless they have changed the fabric of our society and our economy

2:08.6

and stone does a fantastic job telling the story of that happened I really enjoyed the

2:14.0

book and I think you'll really enjoy our conversation so with no further ado my interview

2:21.4

with Amazon unbound author Brad Stone. This is Masters in Business with Barry Redholz on

2:31.2

Bloomberg Radio. My special guest this week is Brad Stone. He is the

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